Gold reaches buy zone – but entry not yet confirmed

◆Market background
On the M30 framework, after BOS and CHoCH formed recent lows, the market showed a tendency to transition from a downward trend to a brief rebound phase. However, the price rebounded strongly from the downtrend line, confirming continued selling pressure.

◆ SMC and price action

• Price rose to 4,219 after BOS bullish move but failed to maintain momentum.
• The resistance area 4.211 – 4.219 has proven itself with multiple price rejections.
• The market is currently moving back towards the buying support zone – Fibonacci – iFvG near 4.192.
• If broken, the price could move back to 4.173 (high liquidity area).

◆ Importance level

Resistance:
• 4.211
• 4.219

Short term support:
• 4.192

Deeper support – Liquidity pool:
• 4.173

◆ Application scenarios

➤ Scenario 1: Stable above 4.192
• Wait for reversal signal to appear
• Goals: 4.211 – 4.219

➤ Scenario 2: Breakthrough 4.192
• Offset short-term uptrend
• Priority for sale
• Next target: 4.173

➤ Scenario 3: Rebound to selling resistance
Retracement to 4.211 – 4.219 without breakout →
• Monitor rejections and sales entries

◆ Conclusion

• The overall trend remains downward.
• 4.192 is a key level to confirm buyer strength.
• Breakthrough → Target 4.173.
• Stability above it → rise to 4.211 – 4.219.